The Somewhat Positive Media Coverage Likely to Affect L Brands (LB) Share Price

The Somewhat Positive Media Coverage Likely to Affect L Brands (LB) Share Price

These are some of the news articles that may have impacted AlphaOne’s scoring:

News coverage about L Brands (NYSE:LB) has been trending somewhat positive on Monday, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. L Brands earned a coverage optimism score of 0.18 on AlphaOne’s scale. AlphaOne also assigned media stories about the specialty retailer an impact score of 77 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next several days.

LB has been the subject of several research reports. Oppenheimer Holdings Inc. set a $75.00 price target on shares of L Brands and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Zacks Investment Research lowered shares of L Brands from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Cowen and Company set a $65.00 price objective on shares of L Brands and gave the company a “buy” rating in a research note on Thursday, February 23rd. Wells Fargo & Co restated a “hold” rating on shares of L Brands in a research note on Thursday, February 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $61.00 price objective (down from $75.00) on shares of L Brands in a research note on Thursday, February 23rd. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.75. L Brands (LB) opened at 52.45 on Monday. L Brands has a 52-week low of $43.04 and a 52-week high of $79.67. The firm’s 50-day moving average is $50.67 and its 200-day moving average is $57.30. The company has a market cap of $14.95 billion, a PE ratio of 13.82 and a beta of 0.82.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities research analysts anticipate that L Brands will post $3.24 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Wednesday, May 31st. L Brands’s dividend payout ratio is currently 60.61%.

About L Brands L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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